Market Overview

UPDATE: Piper Jaffray Downgrades GoPro Inc

Share:
Related GPRO
Cowen Names 4 Top Semi Picks: AMD, Ambarella, Broadcom, Monolithic Power
A Peek Into The Markets: US Stock Futures Edge Lower, All Eyes On Jobs Report
GoPro: Misguided Optimism (Seeking Alpha)

Shares of GoPro Inc (NASDAQ: GPRO) were trading down in Tuesday’s after-hours session following a downgrade to Neutral at Piper Jaffray, which reiterated a $90 price target.

The firm's Sean Naughton feels the stock is fairly priced based on valuation and sees little upside in the next 12 months. However, Naughton does expect continued growth in the upcoming 12 months for GoPro Inc.

Naughton noted a recent teen survey consensus showing "overwhelmingly positive" sentiment for the company.

Shares of GoPro traded recently at $91.65, down 2.2 percent from Tuesday's close.

Latest Ratings for GPRO

DateFirmActionFromTo
May 2018CitigroupMaintainsNeutralNeutral
Mar 2018CitigroupMaintainsNeutralNeutral
Feb 2018Bank of AmericaMaintainsUnderperformUnderperform

View More Analyst Ratings for GPRO
View the Latest Analyst Ratings

Posted-In: Piper JaffrayAnalyst Color Downgrades Price Target Analyst Ratings

 

Related Articles (GPRO)

View Comments and Join the Discussion!